Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Raises Dividend to $0.50 Per Share

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) declared a quarterly dividend on Thursday, April 18th, investing.com reports. Stockholders of record on Monday, April 29th will be given a dividend of 0.50 per share by the bank on Wednesday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date of this dividend is Friday, April 26th. This is a boost from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.39.

Banco Latinoamericano de Comercio Exterior, S. A. has decreased its dividend payment by an average of 4.1% annually over the last three years and has raised its dividend every year for the last 1 years. Banco Latinoamericano de Comercio Exterior, S. A. has a payout ratio of 39.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Banco Latinoamericano de Comercio Exterior, S. A. to earn $5.10 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 39.2%.

Banco Latinoamericano de Comercio Exterior, S. A. Trading Up 1.6 %

Banco Latinoamericano de Comercio Exterior, S. A. stock opened at $29.92 on Wednesday. Banco Latinoamericano de Comercio Exterior, S. A. has a one year low of $17.09 and a one year high of $31.62. The company’s fifty day moving average price is $28.22 and its two-hundred day moving average price is $25.54. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 6.06 and a beta of 1.21. The company has a debt-to-equity ratio of 3.62, a current ratio of 2.08 and a quick ratio of 1.00.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last posted its earnings results on Thursday, February 22nd. The bank reported $1.27 earnings per share for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 15.51% and a net margin of 23.34%. The firm had revenue of $77.79 million during the quarter. On average, analysts forecast that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Banco Latinoamericano de Comercio Exterior, S. A. from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th.

About Banco Latinoamericano de Comercio Exterior, S. A.

Banco Latinoamericano de Comercio Exterior, S. A., a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates through two segments, Commercial and Treasury. It also offers bilateral loans; structured loans including syndicated and clubbed, such as acquisition and pre-export financing, A/B loan financing, bridge loans, and liability management; and project financing.